There’s a very straight forward answer to that question, but first here’s a paradox for you – open to buy is the most important management tool for any retailer and is without doubt, the least used. How can that be? Well, retailers tend not to want to deal with numbers or computers, which they hate, they want to deal with merchandise and customers, which they love.
But an open to buy system will provide the underpinnings of a great merchandising program – reducing or eliminating excess invoices, bloated inventories, markdowns and cash flow problems. It would seem that this is something that every retailer would embrace no matter how much they hated numbers. Probably the answer is for them to find a system that takes that fear into account and guides them easily through the process.
That system is myotbplan.com. The system was designed for retailers and takes the most direct route to establishing a buying plan that will maximize sales while growing your turn rates and turnover is how retailers actually make money. The more you turn, the more you make. myotbplan.com is sequential, easy to understand, accurate, affordable, portable because it’s online, has help on every screen in the system along with phone support 10 hours every day of the year. There’s no contract and it’s guaranteed to improve your buying, inventory position and cash flow or we’ll refund your payments.
Our customers have been with us for years and once they see the results, they will never leave – and neither will you. So, when is the best time to begin your open to buy program? Before you order merchandise for your new store. But since you haven’t done that, the answer is – RIGHT NOW! Let’s talk.